XTP Crypto: What Is It and How to Buy It?
Cryptocurrencies are digital assets that use cryptography to secure transactions and control the creation of new units. They are decentralized, meaning they are not controlled by any central authority or intermediary. They are also volatile, meaning they can experience significant price fluctuations in a short period of time.
One of the latest cryptocurrencies that has been gaining attention in the crypto space is XTP, also known as Tap. But what is XTP, and what makes it different from other cryptocurrencies? In this blog post, we will give you an overview of the project, its features, its price performance, and how to buy it.
What is XTP?
XTP is the native token of Tap, a mobile app that simplifies the process of buying, selling, and trading cryptocurrencies and fiat money. Tap offers a user-friendly interface and allows users to register and complete a KYC process to transfer money from their bank accounts into the app.
Tap solves two major concerns linked with cryptocurrencies. First, the project stores all the assets in a multi-signatory cold/offline storage to ensure the security of the assets. Cold storage is an offline wallet in the form of a pen drive used for storing cryptocurrencies. Second, users can spend cryptocurrency as a utility with lower transaction and conversion costs making crypto assets cheaper. Users can also withdraw traditional currency from an ATM using Tap Card in exchange for crypto assets or fiat money.
According to the whitepaper, the project aims to promote mass adoption of cryptocurrency and blockchain technology in the real world setup. The platform aims to offer Tap cards that can be used in stores, ATMs, or online shopping. The user doesn’t have to pay an annual fee or delivery charges to avail the card, receive notifications for every transaction, and freeze their cards if lost. Besides, users seek to enjoy free transfers with other Tap account holders. The project’s interest program allows users to earn up to 8 percent weekly on trading.
What are the features of XTP?
XTP has several features that make it unique and attractive for crypto enthusiasts and users alike, such as:
- XTP is an ERC-20 token that runs on the Ethereum blockchain. It has a total supply of 100 billion tokens.
- XTP can be used to pay for fees, access services and features, and participate in token sales on the platform.
- XTP holders can benefit from discounts on fees, rewards on staking, and priority access to new features.
- XTP holders can also participate in the governance of the project by voting on important decisions regarding the development and direction of Tap.
What is the price performance of XTP?
The price performance of XTP has been volatile and unpredictable since its launch. According to CoinMarketCap, the highest price paid for XTP was $0.00092768 on May 10, 2023, which represented an increase of over 1,700% from its initial listing price of $0.000015 on May 8, 2023.
However, since then, the price has dropped significantly, reaching a low of $0.00011336 on August 3, 2023, which represented a decrease of over 87% from its all-time high. As of August 15, 2023, the price of XTP is $0.00011746, with a market cap of $7 million and a daily trading volume of $110,718.
Analysts attribute the wild fluctuations in XTP’s price to various factors, such as market sentiment, hype cycles, news events, regulatory uncertainty, and technical issues. Some experts believe that XTP has the potential to grow further if it can overcome its challenges and deliver on its promises. Others are more skeptical and warn investors to be cautious and do their own research before investing in such a risky and unproven project.
How to buy XTP?
If you are interested in buying XTP, you need to follow these steps:
- Visit some reputable sources of information about crypto and learn more about the basics, the risks, and the opportunities.
- Download a reliable and secure crypto wallet and create an account. Make sure you backup your private keys and passwords and keep them safe.
- Buy some Ethereum (ETH) from a trusted exchange. You can use your credit card, bank transfer, or other cryptocurrencies to buy ETH.
- Transfer your ETH to your wallet and connect it to a decentralized exchange (DEX) such as Uniswap.
- Swap your ETH for XTP on the DEX. You can use this link to access the XTP token contract on Uniswap.
- Store your XTP tokens in your wallet or transfer them to another platform if you want to use them for other purposes.
Conclusion
XTP is a new cryptocurrency project that aims to combine the benefits of cryptocurrency and fiat money in one platform. It has a deflationary, charitable, and community-driven mechanism that makes it unique and attractive for crypto enthusiasts and users alike.
If you want to invest in XTP, you need to do your own research and due diligence before making any decision. You also need to be aware of the risks involved in investing in any cryptocurrency, especially new and unproven ones.